BioTechUSA group makes the largest investment in its history of 9 billion forints
The purely Hungarian-owned BioTechUSA group is implementing the largest investment in its history, with a total of 9 billion forints, and 5.5 billion forints of development investments have been implemented so far, the group’s CEO and co-owner told MTI on Wednesday in Szada.
The CEO of the company, which produces dietary supplements and special foods, Bálint Lévai, said at a press conference in conjunction with a factory visit that they had handed over a production line capable of producing a complex, multi-layered protein bar in their production and logistics center in Szadá, which will triple their annual bar production capacity.
He added that the company is also entering the market with a new premium bar and a new premium vitamin family. They have also built a new labeling plant, and they have continued social developments affecting the well-being of their employees and the energy modernization of their production complexes.
Bálint Lévai said that a solar energy production system has been built at the company’s sites, which will provide 30 percent of the electricity consumption in the future, thus significantly reducing the company’s environmental impact.
He added that the company has established its own production plants and logistics center in Szadá and Dunakeszi on a total usable area of 45,000 square meters, with a storage capacity of 24,000 pallets. It manufactures and packages the majority of its products here, with an annual production capacity of 75 million bars, 20 thousand tons of powder and one billion capsules and tablets.
The CEO explained that the design and implementation phase of the development project lasted a total of 3 years, the company is now carrying out test production, and full production is expected to start in the second half of 2025.
He announced that in 2024, the company closed its best year in its history with a sales revenue of 93.7 billion forints, of which more than 5 percent was spent on plant development. The group launched 25 new products, opened 20 new stores, increased the number of countries it covers to 103 with 5 new states, and signed a global cooperation agreement unique in the region with one of the world’s most prestigious football clubs, FC Barcelona, the CEO added.
Related news
Sometimes we have a main meal!
Snacking is gradually losing its snacking character, turning from a…
Read more >SHEIN invests $70m to empower supply chain partners by 2028
It also invested $7.5M in Southern China factory upgrades. SHEIN…
Read more >Ministry of Agriculture: another 5 billion forints in support for the development of processing plants
The Ministry of Agriculture is committed to supporting domestic enterprises…
Read more >Related news
Coca-Cola’s iconic “famous” bottles are back!
Remember when you could add your own name or the…
Read more >Does not apply inflation-tracking fee adjustment to Magyar Telekom consumers
Expressing its commitment to boosting the Hungarian economy, Magyar Telekom…
Read more >